What causes the property owners and non-unionized workers in this country to be hostile toward organized labor?
(a) The perception that unions will strive to make gains for unskilled labor at the expense of everyone else
(b) The perception that unions have traditionally championed the rights of women
(c) The fear that the government will take over corporate America
(d) Jealousy and fear of organized labor's well-known ability to "deliver the votes"
for candidates of its choice in national elections
(a)
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High-skilled workers earn more than low-skilled workers in part because
A) high-skilled workers have higher value of marginal products. B) of government legislation. C) the supply of high-skilled workers is more elastic. D) the demand for high-skilled workers is more elastic.
Using the DD-AA framework, which one of the following statements is the MOST accurate?
A) Only monetary policy can bring the economy to full employment. B) Only fiscal policy can bring the economy to full employment. C) Only both monetary and fiscal policies can bring the economy to full employment. D) Both policies are capable of bringing the economy to full employment and low inflation. E) Monetary policy by itself or fiscal policy by itself can bring the economy to full employment.
Which of the following improves a person’s ability to accumulate wealth?
a. Starting to save money early in life b. Investing in real estate c. Applying the random walk theory d. Graduating from high school
If policymakers decrease aggregate demand, then in the short run the price level
a. falls and unemployment rises. b. and unemployment fall. c. and unemployment rise. d. rises and unemployment falls.